PUBMATIC INC-CLASS A · Q2 2022 earnings

Briefing

PubMatic's Q2 2022 financial results were announced, showcasing revenue and adjusted EBITDA exceeding guidance, driven by omnichannel and diversified business.

PubMatic reported a strong second quarter with revenue of $63.0 million, a 27% increase year-over-year. GAAP net income was $7.8 million, and adjusted EBITDA was $23.0 million, representing a 37% margin.

• Revenue reached $63.0 million, up 27% year over year.
• GAAP net income was $7.8 million, representing a 12% margin.
• Adjusted EBITDA was $23.0 million, resulting in a 37% margin.
• Net dollar-based retention was 130% for the trailing twelve months ended June 30, 2022.

Headline financials

Revenue & EPS history

For the third quarter 2022, PubMatic expects revenue of between $66 million to $68 million or 15% at the midpoint for year over year growth. They expect adjusted EBITDA to be in the range of $23 million to $25 million, representing approximately a 36% margin at the midpoint. For fiscal year 2022, they expect revenue to be in the range of $277 million to $281 million, representing year-over-year growth of 23% at the midpoint. As a result of their growing global scale and increasing favorable revenue mix towards high margin video formats combined with the cost optimization plans in place, they are increasing their full year Adjusted EBITDA to be in the range of $103 million to $108 million, or 38% margin at the midpoint.